Salesforce's third quarter revenues were up 25% from last year

Published 4:24 pm, Tuesday, November 21, 2017

Salesforce reported its third quarter earnings for fiscal year 2018 on Tuesday. The company previously announced that it expects to see $10.4 billion in revenues for the current year, fiscal 2018.

Here's what Salesforce reported:

Revenue (GAAP) for the third quarter was $2.68 billion, compared to analyst expectations of $2.65 billion.

Earnings per share (adjusted) for the third quarter were $0.39, compared to analyst expectations of $0.37.

Projected revenue (GAAP) for the fourth quarter is between $2.801 billion and $2.811 billion, compared to analyst estimates of $2.79 billion.

Projected earnings per share (adjusted) for the fourth quarter are $0.32 to $0.33, compared to analyst estimates of $0.34.

Projected revenue (GAAP) for fiscal 2019 is$12.45 billion to $12.50 billion, up 19% to 20% from the current year.

Shares of Salesforce were down roughly 1% in after hours trading on Tuesday, following the announcement.

Earlier in November, Salesforce announced its revenue growth plan and a timeline which includes more than doubling its annual revenues from $8.4 billion in 2017 to $20 billion by 2022. The company made $8.4 billion in revenues in fiscal year 2017.